Banking Awareness Quiz Set 18

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Banking Awareness Quiz Set 18

1. It gives the right to retain possession only of goods in respect of which the dues have arisen and not for other dues.

A. General Lien

B. Particular Lien

C. Specific Lien

D. None of these

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2. An Individual can have _____ number of ‘Basic Savings Bank Deposit Account’ in one bank?

A. One

B. Two

C. Four

D. Any

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3. NBFCs whose asset size is of __________ or more as per last audited balance sheet are considered as systemically important NBFCs.

A. Rs.500 Crore

B. Rs.100 Crore

C. Rs.400 Crore

D. Rs.200 Crore

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4. CSGL account stands for

A. Connected Subsidiary General Ledger account

B. Corelated Sub General Ledger account

C. Composite Subsidiary General Ledger account

D. Constituents’ Subsidiary General Ledger account

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5. ___________ can purchase immovable property in India.

A. NRI

B. PIO

C. Both A & B

D. None of these

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6. Bond Ledger Account(BLA) means an account with RBI or an agency bank in which the Government securities are held in a __________ form to the credit of the holder.

A. materialzied

B. dematerialized

C. balanced

D. None of these

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7. Who decided the limits on cash withdrawal at ATMs and for the purchase of goods and services?

A. Issuer Bank

B. RBI

C. Government

D. SEBI

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8. What is the option for a card holder if his complaint is not redressed by the issuer bank within a maximum period of thirty days from the date of his lodging the complaint?

A. Approach RBI Governor

B. Approach Banking Ombudsman

C. Approach Branch Manager

D. Approach Executive Director

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9. ATS stands for _________.

A. Applied Tracking System

B. Application Transferring System

C. Application Tracking System

D. Asynchronous Tracking System

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10. The type of cards that can be used at an ATM/WLA ___________.

A. Credit Cards

B. Pre-paid Cards

C. Debit Cards

D. All of these

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11. Whose signature is found on a 100 rupee currency note in India?

A. Deputy Governor of RBI

B. Finance Secretary

C. RBI Governor

D. None of these

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12. It is the market which expects the prices of shares rise in the market.

A. Fundamental market

B. Bull market

C. Bear Market

D. Depressed market

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13. Which of the following is false about Carbon Credit?

A. Tradable certificate

B. Right of an Industry to emit certain quantity of Carbon Dioxide

C. Carbon Credits mechanism was formalized in Kyoto Protocol

D. None

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14. MTSS stands for

A. Money Transfer Scheme for Service

B. Medium Transfer Service Strategy

C. Minimum Transfer Service Scheme

D. Money Transfer Service Scheme

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15. What is the meaning of Lock period in Term deposit?

A. Customer cannot open another account

B. Nominee name need not be written

C. Pre-maturity is not possible

D. Locker must be opened by the customer in the branch

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16. The first RRB named Prathama Grameen Bank was started by ______.

A. Punjab National Bank

B. State Bank of India

C. Syndicate Bank

D. Canara Bank

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17. Fiat money is defined as

A. Currency supported by Government Guarantee

B. Currency supported by tangible assets

C. Currency supported by gold reserves

D. Currency supported by budgetary support

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18. Which among the following countries commenced first plastic notes?

A. China

B. America

C. Canada

D. Australia

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19. SWIFT stands for

A. Secure Window for Interbank Financial Transactions

B. Society Window In case of Financial Transaction

C. Society for Worldwide Interbank Financial Telecommunication

D. Secure Window Institute For Transactions

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20. The movement that encouraged the foundation of commercial banks was ________.

A. Swadeshi movement

B. Quit India Movement

C. Non Cooperation Movement

D. Swadhar Movement

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21. The special drawing right granted by the International Monetary Fund to its member countries is _______________.

A. Cold money

B. Hot money

C. Soft money

D. Paper gold

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22. Demat Accounts are

A. Accounts in which shares of various companies are traded in electronic form

B. Accounts which are operated through internet banking facility

C. Accounts which are opened to facilitate repayment of a loan taken from the bank.

D. Zero Balance Accounts

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23. Which one of the following is not true about Banking regulations?

A. Credit Allocation

B. Prudential Objectives

C. Systematic Risk Reduction

D. All are true

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24. It is the ratio of a bank’s capital in relation to its risk weighted assets and current liabilities.

A. Solvency Ratio

B. Liquidity Ratio

C. Capital Adequacy Ratio

D. None of these

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25. Cryptocurrency is a _______

A. Digital payment

B. Digital Medium of Exchange

C. Both B & D

D. Digital Currency

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26. In banking CDR stands for

A. Corporate Debt Restructuring

B. Corporate Debt Rollover

C. Corporate Deposit Restructuring

D. None of these

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27. Which one of the following is not a key function of a Bank?

A. Collecting Cheques/Drafts customers

B. Granting Loans

C. Easing import of goods

D. Issuing Bank Drafts

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28. Which asset can be mortgaged?

A. Land and Building

B. Sweat equity

C. Illegally obtained funds

D. Undocumented funds

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29. What does the lowering of Bank Rate by the Reserve Bank of India leads to

A. More liquidity in the market

B. Less liquidity in the market

C. Stability liquidity in the market

D. None of these

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30. The maximum time period for which domestic term deposits are generally accepted by banks in India is _________.

A. 5 years

B. 4 years

C. 10 years

D. 3 years

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31. Which is the loan of very small amounts given to low income groups?